WorldCat Identities

Sargent, Thomas J.

Works: 344 works in 1,026 publications in 5 languages and 15,509 library holdings
Genres: History 
Roles: Author, Editor, Honoree, Other
Publication Timeline
Most widely held works by Thomas J Sargent
Recursive macroeconomic theory by Lars Ljungqvist( )

55 editions published between 2000 and 2018 in English and held by 2,349 WorldCat member libraries worldwide

"Recursive methods offer a powerful approach for characterizing and solving complicated problems in dynamic macroeconomics. Recursive Macroeconomic Theory provides both an introduction to recursive methods and advanced material, mixing tools and sample applications. The second edition contains substantial revisions to about half the original material, and extensive additional coverage appears in seven chapters new to this edition. The updated and added material covers new topics that further illustrate the power and pervasiveness of recursive methods."--Jacket
Rational expectations and econometric practice by Robert E Lucas( )

45 editions published between 1977 and 2011 in English and held by 1,535 WorldCat member libraries worldwide

Assumptions about how people form expectations for the future shape the properties of any dynamic economic model. To make economic decisions in an uncertain environment people must forecast such variables as future rates of inflation, tax rates, governme
The big problem of small change by Thomas J Sargent( )

28 editions published between 1997 and 2014 in English and held by 1,406 WorldCat member libraries worldwide

"The Big Problem of Small Change offers the first credible and analytically sound explanation of how a problem that dogged monetary authorities for hundreds of years was finally solved. Two leading economists, Thomas Sargent and François Velde, examine the evolution of Western European economies through the lens of one of the classic problems of monetary history--the recurring scarcity and depreciation of small change. Through penetrating and clearly worded analysis, they tell the story of how monetary technologies, doctrines, and practices evolved from 1300 to 1850; of how the "standard formula" was devised to address an age-old dilemma without causing inflation. One big problem had long plagued commodity money (that is, money literally worth its weight in gold): governments were hard-pressed to provide a steady supply of small change because of its high costs of production. The ensuing shortages hampered trade and, paradoxically, resulted in inflation and depreciation of small change. After centuries of technological progress that limited counterfeiting, in the nineteenth century governments replaced the small change in use until then with fiat money (money not literally equal to the value claimed for it)--ensuring a secure flow of small change. But this was not all. By solving this problem, suggest Sargent and Velde, modern European states laid the intellectual and practical basis for the diverse forms of money that make the world go round today. This keenly argued, richly imaginative, and attractively illustrated study presents a comprehensive history and theory of small change. The authors skillfully convey the intuition that underlies their rigorous analysis. All those intrigued by monetary history will recognize this book for the standard that it is."--Back cover
Macroeconomic theory by Thomas J Sargent( Book )

55 editions published between 1979 and 2018 in 5 languages and held by 1,340 WorldCat member libraries worldwide

Nonstochastic macroeconomics; Introduction to stochastic macroeconomics; Linear stochastic differnece equations; The consumption function; Investment under uncertainty; Optimal monetary policy; Aspects of the new classical macroeconomics
Rational expectations and inflation by Thomas J Sargent( Book )

41 editions published between 1985 and 2017 in 3 languages and held by 1,099 WorldCat member libraries worldwide

This collection of essays uses the lens of rational expectations theory to examine how governments anticipate and plan for inflation, and provides insight into the pioneering research for which Thomas Sargent was awarded the 2011 Nobel Prize in economics. Rational expectations theory is based on the simple premise that people will use all the information available to them in making economic decisions, yet applying the theory to macroeconomics and econometrics is technically demanding. Here, Sargent engages with practical problems in economics in a less formal, noneconometric way, demonstrat
Recursive models of dynamic linear economies by Lars Peter Hansen( )

22 editions published between 2013 and 2018 in English and held by 841 WorldCat member libraries worldwide

A common set of mathematical tools underlies dynamic optimization, dynamic estimation, and filtering. In Recursive Models of Dynamic Linear Economies, Lars Peter Hansen and Thomas Sargent use these tools to create a class of econometrically tractable models of prices and quantities. They present examples from microeconomics, macroeconomics, and asset pricing. The models are cast in terms of a representative consumer. While Hansen and Sargent demonstrate the analytical benefits acquired when an analysis with a representative consumer is possible, they also characterize the restrictiveness of a
Robustness by Lars Peter Hansen( Book )

12 editions published between 2008 and 2016 in English and held by 776 WorldCat member libraries worldwide

"The standard theory of decision making under uncertainty advises the decision maker to form a statistical model linking outcomes to decisions and then to choose the optimal distribution of outcomes. This assumes that the decision maker trusts the model completely. But what should a decision maker do if the model cannot be trusted?" "Lars Hansen and Thomas Sargent, two leading macroeconomists, push the field forward as they set about answering this question. They adapt robust control techniques and apply them to economics. By using this theory to let decision makers acknowledge misspecification in economic modeling, the authors develop applications to a variety of problems in dynamic macroeconomics."--Jacket
The conquest of American inflation by Thomas J Sargent( Book )

20 editions published between 1999 and 2018 in English and Chinese and held by 724 WorldCat member libraries worldwide

In The Conquest of American Inflation, Thomas J. Sargent presents an analysis of the rise and fall of U.S. inflation after 1960. He examines two broad explanations for the behavior of inflation and unemployment in this period: the natural rate hypothesis joined to the Lucas critique and a more traditional econometric policy evaluation modified to include adaptive expectations and learning. His purpose is not only to determine which is the better account, but also to codify for the benefit of the next generation the economic forces that cause inflation. Providing an original methodological link between theoretical and policy economics, this book will engender much debate and become an indispensable text for academics, graduate students, and professional economists
Dynamic macroeconomic theory by Thomas J Sargent( Book )

19 editions published between 1987 and 1997 in 3 languages and held by 667 WorldCat member libraries worldwide

Describes the general equilibrium models that have been built to help interpret time series observations of economic aggregates and predicts the consequence of alternative government interventions
Bounded rationality in macroeconomics by Thomas J Sargent( Book )

24 editions published in 1993 in 3 languages and held by 491 WorldCat member libraries worldwide

Focusing on a new development in economic theory which involves bounded or limited rationality, the author describes two laboratory experiments that test versions of his macroeconomic models. He analyzes some promising applications of the methods surveyed
Macroeconomics at the service of public policy by Thomas J Sargent( )

23 editions published between 2013 and 2015 in English and held by 447 WorldCat member libraries worldwide

"This volume uses state of the art models from the frontier of macroeconomics to answer key questions about how the economy functions and how policy should be conducted. The contributions cover a wide range of issues in macroeconomics and macroeconomic policy. They combine high level mathematics with economic analysis, and highlight the need to update our mathematical toolbox in order to understand the increased complexity of the macroeconomic environment. The volume represents hard evidence of high research intensity in many fields of macroeconomics, and warns against interpreting the scope of macroeconomics too narrowly. The mainstream business cycle analysis, based on dynamic stochastic general equilibrium (DSGE) modelling of a particular type, has been criticised for its inability to predict or resolve the recent financial crisis. However, macroeconomic research on financial, information, and learning imperfections had not yet made their way into many of the pre-crisis DSGE models because practical econometric versions of those models were mainly designed to fit data periods that did not include financial crises. A major response to the limitations of those older DSGE models is an active research program to bring big financial shocks and various kinds of financial, learning, and labour market frictions into a new generation of DSGE models for guiding policy. The contributors to this book utilise models and modelling assumptions that go beyond particular modelling conventions. By using alternative yet plausible assumptions, they seek to enrich our knowledge and ability to explain macroeconomic phenomena. They contribute to expanding the frontier of macroeconomic knowledge in ways that will prove useful for macroeconomic policy"--provided by publisher
Energy, foresight, and strategy by Thomas J Sargent( Book )

19 editions published between 1985 and 2016 in English and held by 398 WorldCat member libraries worldwide

In Energy, Foresight, and Strategy, Thomas Sargent and his collaborators have produced a highly rigorous treatment of 'rational expectations' theory and its application to the study of energy markets. These six essays use dynamic games to study a variety of issues important to analysts and decisionmakers in the energy field
Exercises in dynamic macroeconomic theory by Rodolfo E Manuelli( Book )

13 editions published between 1987 and 2004 in English and held by 370 WorldCat member libraries worldwide

Dynamic programming - Search - Asset prices and consumption - Currency in the utility function - Cash-in-advance models - Credit and currency with long-lived agents - Credit and currency with overlapping generations - Government finance in stochastic overlapping-generations models - Appendix : functional analysis for macroeconomics
Uncertainty within economic models by Lars Peter Hansen( )

18 editions published between 2014 and 2015 in English and held by 360 WorldCat member libraries worldwide

Rational expectations econometrics by Lars Peter Hansen( Book )

13 editions published between 1989 and 2016 in 3 languages and held by 332 WorldCat member libraries worldwide

Ben shu zai jiang shou zui xiao er cheng yu ce li lun de ji chu shang, Wei rao li xing yu qi ji liang fen xi de zhu yao de fen xi kuang jia, Yi fang mian jie jue jie gou hong guan ji liang fen xi zhong jiao cha fang cheng yue shu suo dai lai de wen ti, Ling yi fang mian jie jue cong yu ce wu cha zhong shi bie ji ben chong ji shi cun zai de kun nan, Cong er kuo zhan he jin yi bu wan shan le li xing yu qi ji liang jing ji fen xi de kuang jia. Gai shu dui yu li jie li xing yu qi ji liang jing ji xue jian mo de zhu yao fang fa he guo cheng ju you zhong yao de li lun he zhi dao yi yi
Rational expectations and the theory of economic policy by Thomas J Sargent( Book )

17 editions published between 1975 and 1985 in English and held by 203 WorldCat member libraries worldwide

Rational expectations and the theory of economic policy. Part II: Arguments and Evidence by Thomas J Sargent( Book )

17 editions published between 1976 and 1982 in English and held by 112 WorldCat member libraries worldwide

Politics and efficiency of separating capital and ordinary government budgets by Marco Bassetto( )

13 editions published between 2004 and 2005 in English and held by 95 WorldCat member libraries worldwide

"We analyze the democratic politics of a rule that separates capital and ordinary account budgets and allows the government to issue debt to finance capital items only. Many national governments followed this rule in the 18th and 19th centuries and most U.S. states do today. This simple 1800s financing rule sometimes provides excellent incentives for majorities to choose an efficient mix of public goods in an economy with a growing population of overlapping generations of long-lived but mortal agents. In a special limiting case with demographics that make Ricardian equivalence prevail, the 1800s rule does nothing to promote efficiency. But when the demographics imply even a moderate departure from Ricardian equivalence, imposing the rule substantially improves the efficiency of democratically chosen allocations. We calibrate some examples to U.S. demographic data. We speculate why in the twentieth century most national governments abandoned the 1800s rule while U.S. state governments have retained it"--National Bureau of Economic Research web site
Shocks and government beliefs : the rise and fall of American inflation by Thomas J Sargent( )

12 editions published in 2004 in English and held by 92 WorldCat member libraries worldwide

We use a Bayesian Markov Chain Monte Carlo algorithm to estimate a model that allows temporary gaps between a true expectational Phillips curve and the monetary authority's approximating non-expectational Phillips curve. A dynamic programming problem implies that the monetary authority's inflation target evolves as its estimated Phillips curve moves. Our estimates attribute the rise and fall of post WWII inflation in the US to an intricate interaction between the monetary authority's beliefs and economic shocks. Shocks in the 1970s altered the monetary authority's estimates and made it misperceive the tradeoff between inflation and unemployment. That caused a sharp rise in inflation in the 1970s. Our estimates say that policymakers updated their beliefs continuously. By the 1980s, their beliefs about the Phillips curve had changed enough to account for Volcker's conquest of US inflation in the early 1980s
Recursive linear models of dynamic economies by Lars Peter Hansen( )

13 editions published between 1990 and 1998 in English and held by 76 WorldCat member libraries worldwide

This paper describes a class of dynamic stochastic linear quadratic equilibrium models. A model is specified by naming lists of matrices that determine preferences, technology, and the information structure. Aggregate equilibrium allocations and prices are computed by solving a social planning problem in the form of an optimal linear regulator. Heterogeneity among agents is permitted. Several examples are computed
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The big problem of small change
The big problem of small changeMacroeconomic theoryRobustnessThe conquest of American inflationDynamic macroeconomic theoryBounded rationality in macroeconomicsExercises in dynamic macroeconomic theory
Alternative Names
Sargent T.J.

Sargent, T. J. 1943-

Sargent, Th. J. 1943-

Sargent, Thomas 1943-

Sargent, Thomas John 1943-

Thomas J. Sargent American economist

Thomas J. Sargent amerikai közgazdász

Thomas J. Sargent amerikansk ekonom

Thomas J. Sargent amerikansk økonom

Thomas J. Sargent economista estadounidense

Thomas J. Sargent economista estatunidenc

Thomas J. Sargent economista statunitense

Thomas John Sargent

Thomas Sargent

Thomas Sargent americký ekonóm

Thomas Sargent Amerikaans econoom

Thomas Sargent economist american

Thomas Sargent économiste américain

Thomas Sargent ekonomista amerykański

Thomas Sargent US-amerikanischer Ökonom

Thomas Sargent usona ekonomikisto

Tomas Sercent

Tomass Sārdžents

Τόμας Σάρτζεντ

Сарджент, Томас

Сарджент, Томас американский экономист

Томас Сарджент

Томас Сарджэнт

Թոմաս Սարջենթ

תומאס סרג'נט

תומאס סרג'נט כלכלן אמריקאי

توماس ج سارجنت

توماس ج سارجنت عالم اقتصاد أمريكي

توماس جی. سارجنت اقتصاددان آمریکایی

تھامس جے سارجنٹ

تھامس سارجنٹ

টমাস জন সার্জেন্ট

টমাস জন সার্জেন্ট মার্কিন অর্থনীতিবিদ

தாமஸ் ஜான் சார்ஜெண்ட்

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サージェント, トーマス・J